节税效应
- 网络tax savings
节税效应-
负债利息税前支付，具有节税效应，可以帮助公司合理避税；二是财务杠杆作用。
Debt interest duty payment before , with tax savings effect , can help companies locally-based ; Secondly , financial leverage .
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根据负债的节税效应，经营业绩会随着资本结构中负债的增加而提高，根据优序融资理论，在需要融资时公司会优先考虑内部盈余，经营业绩好的公司所需要的外部负债就相对较少。
According to the tax-saving effect of liability , performance will increase as liability rises . Based on Pecking Order Theory , company would focus on internal earnings when it chooses to finance . And the company with good performance needs less external liability .